AirAsia Bhd sold its remaining 16.33% stake in AirAsia India to Tata-owned Air India. This follows the acquisition of a 32.7% stake by Tata from AirAsia Bhd for ₹276.29 crore in December 2020. The Malaysian group got...
Vistara-Air India merger: Can Maharaja cope with this latest challenge?
Singapore Airlines’ (SIA) recent confirmation that it is in talks with the Tata Group about merging Vistara – its full-service airline venture in India with Tata Sons – into Air India and taking a...
Spirit Airlines shareholders vote in favor of $3.8 bln JetBlue merger
Shareholders of U.S. carrier Spirit Airlines Inc voted in favor of JetBlue Airways Corp’s $3.8 billion takeover offer, moving the companies closer to creating the nation’s fifth-largest carrier. A majority...
Adani Group agrees to acquire Air Works
The Adani Group on Tuesday said that it agreed to acquire Air Works, one of India’s major centres for the maintenance, repair and overhaul (MRO) of aircraft. The Adani Group forayed into the aviation sector in 2019 by...
What does the merger of Vistara and Air India mean for Tata’s aviation biz?
Singapore Airlines confirmed last week that it was in talks with Tata Group about a potential merger of full-service carriers Vistara with Air India. The Singapore national airline owns 49% of Vistara. Tata holds the...
SIA confirms talks with Tata Group on Vistara-Air India merger
Singapore Airlines has confirmed that it is in talks with India’s Tata Group over a potential merger of Vistara airline, a joint venture between the two companies, and Air India — the 100 per cent...
Flexjet plans to go public via $3 bln deal with Todd Boehly’s SPAC
Private jet service Flexjet is planning to merge with Todd Boehly’s blank-check firm Horizon Acquisition Corp. II, it said on Tuesday, in a deal that will value the combined company at $3.1 billion, including debt...
Tata, Singapore Airlines may merge Vistara, Air India
The Tata group and Singapore Airlines Ltd are working on merging their airline businesses Air India and Vistara and housing them under a new joint venture, two people aware of the development said, as they aim to...
Tatas could offer SIA a stake for AI-Vistara merger
Tata Sons is likely to offer a stake in Air India to Singapore Airlines (SIA), as part of the negotiations to merge their joint venture carrier, Vistara, with Air India, top executives close to the matter said. SIA...
Tatas evaluating options to consolidate AirAsia India, Vistara under AI
The Tata Group has started an exercise to evaluate options to consolidate AirAsia India and Vistara under Air India to bring operational synergies among the three airlines under its umbrella, sources said. Air India...
Kuehne raises Lufthansa stake to 17.5% as Germany sells remaining shares
Logistics entrepreneur Klaus-Michael Kuehne has increased his stake in Lufthansa to 17.5%, Kuehne Holding said on Wednesday, after the German government sold all its remaining shares in the airline. “This...
InterGlobe Aviation dips 5% on news of partial stake sale by Rakesh Gangwal
Shares of InterGlobe Aviation dropped 5 per cent to Rs 1,885 on the National Stock Exchange (NSE) in Thursday’s intra-day trade, after nearly 5 per cent of the airline’s total equity changed hands via block deals...
